<SEC-DOCUMENT>0000904454-21-000211.txt : 20210216
<SEC-HEADER>0000904454-21-000211.hdr.sgml : 20210216
<ACCEPTANCE-DATETIME>20210216162014
ACCESSION NUMBER:		0000904454-21-000211
CONFORMED SUBMISSION TYPE:	SC 13G/A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20210216
DATE AS OF CHANGE:		20210216

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			iHeartMedia, Inc.
		CENTRAL INDEX KEY:			0001400891
		STANDARD INDUSTRIAL CLASSIFICATION:	RADIO BROADCASTING STATIONS [4832]
		IRS NUMBER:				260241222
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13G/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-84136
		FILM NUMBER:		21638846

	BUSINESS ADDRESS:	
		STREET 1:		20880 STONE OAK PARKWAY
		CITY:			SAN ANTONIO
		STATE:			TX
		ZIP:			78258
		BUSINESS PHONE:		210-822-2828

	MAIL ADDRESS:	
		STREET 1:		20880 STONE OAK PARKWAY
		CITY:			SAN ANTONIO
		STATE:			TX
		ZIP:			78258

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CC Media Holdings Inc
		DATE OF NAME CHANGE:	20090721

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	C C Media Holdings Inc
		DATE OF NAME CHANGE:	20070730

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BT Triple Crown Capital Holdings III, Inc.
		DATE OF NAME CHANGE:	20070524

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PACIFIC INVESTMENT MANAGEMENT CO LLC
		CENTRAL INDEX KEY:			0001163368
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE

	FILING VALUES:
		FORM TYPE:		SC 13G/A

	BUSINESS ADDRESS:	
		STREET 1:		650 NEWPORT CENTER DRIVE
		CITY:			NEWPORT BEACH
		STATE:			CA
		ZIP:			92660
		BUSINESS PHONE:		949-720-6000

	MAIL ADDRESS:	
		STREET 1:		650 NEWPORT CENTER DRIVE
		CITY:			NEWPORT BEACH
		STATE:			CA
		ZIP:			92660
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13G/A
<SEQUENCE>1
<FILENAME>s13ga_013121-iheartmedia.htm
<DESCRIPTION>SCHEDULE 13G/A FOR IHEARTMEDIA, INC. ON BEHALF OF PACIFIC INVESTMENT MANAGEMENT COMPANY LLC.
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            <div style="text-align: center; font-size: 12pt;">UNITED STATES</div>
            <div style="text-align: center; font-size: 12pt;">SECURITIES AND EXCHANGE COMMISSION</div>
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            <div style="text-align: center; font-size: 12pt;">Washington, D.C. 20549</div>
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            <div style="text-align: center; font-size: 12pt;">SCHEDULE 13G</div>
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            <div style="text-align: center; font-size: 12pt;">(Rule 13d-102)</div>
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            <div style="text-align: center; font-size: 12pt;">INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT</div>
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            <div style="text-align: center; font-size: 12pt;">TO RULES 13d-1(b),(c) AND (d) AND AMENDMENTS THERETO FILED</div>
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            <div style="text-align: center; font-size: 12pt;">PURSUANT TO RULE 13d-2</div>
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            <div style="text-align: center; font-size: 12pt;">(Amendment No. 2) *</div>
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            <div style="text-align: center; font-size: 12pt;">iHeartMedia, Inc.</div>
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            <div style="text-align: center; font-size: 12pt;">(Name of Issuer)</div>
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            <div style="text-align: center; font-size: 12pt;">Class A Common Stock, par value $0.001 per share</div>
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            <div style="text-align: center; font-size: 12pt;">(Title of Class of Securities)</div>
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            <div style="text-align: center; font-size: 12pt;">45174J509</div>
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            <div style="text-align: center; font-size: 12pt;">(CUSIP Number)</div>
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          <td style="width: 100%; vertical-align: top;">&#160;</td>
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            <div style="text-align: center; font-size: 12pt;">January 31, 2021 **</div>
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            <div style="text-align: center; font-size: 12pt;">(Date of Event Which Requires Filing of this Statement)</div>
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    <div style="font-size: 12pt;">Check the appropriate box to designate the rule pursuant to which this Schedule is filed:</div>
    <div><br>
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    <div style="font-size: 12pt;">[X] Rule 13d-1(b)</div>
    <div><br>
    </div>
    <div style="font-size: 12pt;">[&#160; ] Rule 13d-1(c)</div>
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    <div style="font-size: 12pt;">[&#160; ] Rule 13d-1(d)</div>
    <div><br>
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    <div style="font-size: 12pt; font-weight: bold;">** This statement is being filed pursuant to paragraphs (b) and (c) of Rule 13d-2 and reports the Reporting Person&#8217;s beneficial ownership information as of December 31, 2020 and January 31, 2021.</div>
    <div><br>
    </div>
    <div>* The remainder of this cover page shall be filled out for a reporting person&#8217;s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures
      provided in a prior cover page.&#160; The information required on the remainder of this cover page shall not be deemed to be &#8220;filed&#8221; for the purpose of Section 18 of the Securities Exchange Act of 1934 (&#8220;Act&#8221;) or otherwise subject to the liabilities of
      that section of the Act but shall be subject to all other provisions of the Act.</div>
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    <div style="font-size: 12pt;">CUSIP No. 45174J509</div>
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            <div>&#160;</div>
            <div style="text-align: center;">1.</div>
          </td>
          <td colspan="3" style="width: 92.81%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div>&#160;</div>
            <div>NAME OF REPORTING PERSON</div>
            <div>&#160;</div>
            <div>Pacific Investment Management Company LLC</div>
          </td>
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          <td style="width: 7.19%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div>&#160;</div>
            <div>&#160;</div>
            <div style="text-align: center;">2.</div>
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          <td colspan="3" style="width: 92.81%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div>&#160;</div>
            <div>CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP</div>
            <div style="font-size: 12pt;"><font style="font-size: 10pt;">(a) </font>[&#160; ]</div>
            <div style="font-size: 12pt;"><font style="font-size: 10pt;">(b) </font>[X]</div>
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            <div>&#160;</div>
            <div style="text-align: center;">3.</div>
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          <td colspan="3" style="width: 92.81%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div>&#160;</div>
            <div>SEC USE ONLY</div>
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            <div>&#160;</div>
            <div style="text-align: center;">4.</div>
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          <td colspan="3" style="width: 92.81%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div>&#160;</div>
            <div>CITIZENSHIP OR PLACE OF ORGANIZATION</div>
            <div>&#160;</div>
            <div>Delaware</div>
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          <td colspan="2" rowspan="4" style="width: 19.6%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div>&#160;</div>
            <div>&#160;</div>
            <div style="text-align: center;">NUMBER OF<br>
              SHARES<br>
              BENEFICIALLY<br>
              OWNED BY<br>
              EACH<br>
              REPORTING<br>
              PERSON<br>
              WITH</div>
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          <td style="width: 7.07%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div>&#160;</div>
            <div style="text-align: center;">5.</div>
          </td>
          <td style="width: 73.33%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div>&#160;</div>
            <div>SOLE VOTING POWER</div>
            <div>21,872,900 (1)(2)</div>
          </td>
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          <td style="width: 12.41%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: center;">6.</div>
          </td>
          <td style="width: 7.07%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div>&#160;</div>
            <div>SHARED VOTING POWER</div>
            <div>0</div>
          </td>
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          <td style="width: 12.41%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: center;">7.</div>
          </td>
          <td style="width: 7.07%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div>&#160;</div>
            <div>SOLE DISPOSITIVE POWER</div>
            <div>
              <div>22,275,000 (3)(4)</div>
            </div>
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          <td style="width: 12.41%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: center;">8.</div>
          </td>
          <td style="width: 7.07%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div>&#160;</div>
            <div>SHARED DISPOSITIVE POWER</div>
            <div>0</div>
          </td>
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          <td style="width: 7.19%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div>&#160;</div>
            <div style="text-align: center;">9.</div>
          </td>
          <td colspan="3" style="width: 92.81%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div>&#160;</div>
            <div>AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON</div>
            <div>&#160;</div>
            <div>
              <div>22,275,000 (3)(4)</div>
            </div>
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            <div style="text-align: center;">10.</div>
          </td>
          <td colspan="3" style="width: 92.81%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div>&#160;</div>
            <div>CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES&#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160;&#160; </div>
            <div>CERTAIN SHARES</div>
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          <td style="width: 7.19%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div>&#160;</div>
            <div style="text-align: center;">11.</div>
          </td>
          <td colspan="3" style="width: 92.81%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div>&#160;</div>
            <div>PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)</div>
            <div>&#160;</div>
            <div>19.99%&#160; (5)(6)</div>
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          <td style="width: 7.19%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div>&#160;</div>
            <div style="text-align: center;">12.</div>
          </td>
          <td colspan="3" style="width: 92.81%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div>&#160;</div>
            <div>TYPE OF REPORTING PERSON</div>
            <div>&#160;</div>
            <div>IA, OO</div>
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    </div>
    <div>(1) As of January 31, 2021.</div>
    <div>(2) 5,858,057 as of December 31, 2020.</div>
    <div>(3) As of January 31, 2021, comprised of 21,895,017 shares of Class A Common Stock held by the Reporting Person plus 379,983 shares of Class A Common Stock
      that are issuable upon conversion of Class B Common Stock.&#160; Class B Common Stock is convertible into Class A Common Stock on a one-for-one basis, however the Class B Common Stock held by the Reporting Person is subject to a beneficial ownership
      limitation such that it is convertible only to the extent that such conversion does not result in the Reporting Person holding more than 19.99% of the Issuer&#8217;s voting interest. 379,983 is the approximate number of shares that the Reporting Person is
      allowed to convert as of January 31, 2021.</div>
    <div>(4) 5,871,478 as of December 31, 2020.</div>
    <div>(5) As of January 31, 2021.</div>
    <div>(6) 9.2% as of December 31, 2020.</div>
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    <div style="font-size: 12pt;">CUSIP No. 45174J509</div>
    <div><br>
    </div>
    <div style="text-align: center; margin-bottom: 12pt; font-weight: bold;"><u>AMENDMENT NO. 2 TO SCHEDULE 13G</u></div>
    <div><br>
    </div>
    <div style="font-size: 12pt;">Reference is hereby made to the statement on Schedule 13G filed with the Securities and Exchange Commission by the Reporting Person with respect to the Class A Common Stock of the Issuer on June 10, 2019 and Amendment No.
      1 thereto filed on February 13, 2020 (as so amended, the &#8220;Schedule 13G&#8221;).&#160; Terms defined in the Schedule 13G are used herein as so defined.</div>
    <div><br>
    </div>
    <div style="font-size: 12pt;">The following item of the Schedule 13G is hereby amended and restated as follows:</div>
    <div><br>
    </div>
    <div style="margin-bottom: 12pt; font-size: 12pt;"><font style="font-weight: bold;">Item 4.</font>&#160; <font style="font-weight: bold;">Ownership</font></div>
    <div style="margin-bottom: 12pt; font-size: 12pt;">(a)-(c) The information requested in these paragraphs is incorporated herein by reference to the cover page to this Amendment No. 2 to Schedule 13G.</div>
    <div style="margin-bottom: 12pt; font-size: 12pt;">The securities reported in this Amendment No. 2 to Schedule 13G are held by investment advisory clients or discretionary accounts of which PIMCO is the investment adviser. When an investment management
      contract (including a sub-advisory agreement) delegates to PIMCO investment discretion or voting power over the securities held in the investment advisory accounts that are subject to that agreement, PIMCO considers the agreement to grant it sole
      investment discretion or voting authority, as the case may be, unless the agreement specifies otherwise. Accordingly, PIMCO reports on Schedule 13G that it has sole investment discretion and voting authority over the securities covered by any such
      investment management agreement and may be deemed to beneficially own the securities held by its clients or accounts within the meaning of Rule 13d-3 under the Securities Act of 1934.</div>
    <div style="margin-bottom: 12pt; font-size: 12pt;">In accordance with SEC Release No. 34-39538 (January 12, 1998), this Amendment No. 2 to Schedule 13G reports the securities beneficially owned or deemed to be beneficially owned by PIMCO. It does not
      include securities, if any, beneficially owned by PIMCO&#8217;s affiliates, whose ownership of securities is disaggregated from that of PIMCO in accordance with that release. PIMCO also disclaims beneficial ownership of these securities except to the
      extent of its pecuniary interest therein.</div>
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      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">3</font></div>
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    <div style="font-size: 12pt;">CUSIP No. 45174J509</div>
    <div><br>
    </div>
    <div style="text-align: center; margin-right: 43.2pt; font-size: 12pt; font-weight: bold;">SIGNATURE</div>
    <div><br>
    </div>
    <div style="font-size: 12pt;">After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.</div>
    <div><br>
    </div>
    <div><font style="font-size: 12pt;">Dated:&#160; February 16, 2021<br>
      </font><br>
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          <td colspan="2" style="width: 60.16%; vertical-align: top;">
            <div style="font-size: 12pt;">PACIFIC INVESTMENT MANAGEMENT COMPANY LLC</div>
          </td>
          <td style="width: 13.27%; vertical-align: top;">&#160;</td>
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          <td style="width: 26.57%; vertical-align: top;">&#160;</td>
          <td style="width: 9.26%; vertical-align: top;">&#160;</td>
          <td style="width: 50.91%; vertical-align: top;">&#160;</td>
          <td style="width: 13.27%; vertical-align: top;">&#160;</td>
        </tr>
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          <td style="width: 26.57%; vertical-align: top;">&#160;</td>
          <td style="width: 9.26%; vertical-align: top;">
            <div style="font-size: 12pt;">By:</div>
          </td>
          <td style="width: 50.91%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="font-size: 12pt;">/s/ Jason Nagler</div>
          </td>
          <td style="width: 13.27%; vertical-align: top;">&#160;</td>
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          <td style="width: 26.57%; vertical-align: top;">&#160;</td>
          <td style="width: 9.26%; vertical-align: top;">
            <div style="font-size: 12pt;">Name:</div>
          </td>
          <td style="width: 50.91%; vertical-align: top;">
            <div style="font-size: 12pt;">Jason Nagler</div>
          </td>
          <td style="width: 13.27%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 26.57%; vertical-align: top;">&#160;</td>
          <td style="width: 9.26%; vertical-align: top;">
            <div style="font-size: 12pt;">Title:</div>
          </td>
          <td style="width: 50.91%; vertical-align: top;">
            <div style="font-size: 12pt;">Senior Vice President</div>
          </td>
          <td style="width: 13.27%; vertical-align: top;">&#160;</td>
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